Govt to Notify New ITR Forms & Income Tax Act 2025 Rules by January 2026: CBDT Chief Big news for taxpayers—India’s government plans to roll out new Income Tax Return (ITR) forms and rules for the Income Tax Act 2025 by January 2026. The CBDT Chief says these changes will push the tax system toward…
Tax Audit Deadline Not Extended for These Taxpayers: Karnataka CA Body Flags Anomalies in CBDT Circular When the Central Board of Direct Taxes (CBDT) announced its latest extension for tax audit reports and ITR filings, everyone thought the relief would be straightforward. But the Karnataka State Chartered Accountants Association (KSCAA) quickly flagged a problem. They…
Tax Audit Extension Update: High Courts Grant More Time — All Eyes on CBDT’s Next Move Taxpayers and professionals just got some much-needed breathing room. Both the Punjab & Haryana High Court and the Himachal Pradesh High Court have given more time for tax audit and return filings. For thousands of chartered accountants and businesses,…
The CBDT has brought a significant change for Indian taxpayers the introduction of AIS 2.0 (Annual Information Statement). The update is aimed at making tax compliance easier, correct, and transparent for individuals, companies, and consultants alike. As tax practitioners, we at Taxflick think this is a positive step towards minimizing tax mismatches, return filing errors,…